The advantages of having a single platform for all your client onboarding needs
When considering deploying a single platform for all their client onboarding requirements and checks, many legal firms, including those with high volume transactions, are actively switching to a more advanced, seamlessly integrated platform, rather than having to piece together several components from individual platform providers for every client or matter. Some of the advantages of […]
SRA makes long-awaited announcement on future of SIF
The Solicitors Regulation Authority has established an SRA-run indemnity scheme meaning that existing Solicitors Indemnity Fund arrangements, as operated by the Solicitors Indemnity Fund Limited (SIFL), will be replaced with SRA-run indemnity arrangements from September 2023. The decision to introduce SRA-run indemnity arrangements, which will maintain consumer protection for post six-year negligence as a regulatory […]
The terrifying truth about Stamp Duty overpayments
Stamp Duty overpayments are a hot topic in the UK Property market at the moment. As the cost of living continues to rise to unprecedented levels and interest rates go up, impacting mortgages, it’s only to be expected that people will become more acutely aware of where savings may be made and more importantly, where […]
What truly defines an industry disrupter?
In an ever-changing property world, industry disrupters come in many shapes and sizes. But what defines a true disrupter? Ahead of tm:tv’s “Top 5: Positive property industry disrupters” session on 20th September – brought to the market by tmgroup, Conveyancing Data Services (CDS) and mio – the panel share their thoughts on what industry disruption […]
Professional Indemnity Insurance – are you risk-ready for October renewal?
As the summer draws to a close, law firms with a renewal date of 1 October for their Professional Indemnity Insurance (PII) will be looking to obtain cover at the best available price and on the most favourable terms, if they haven’t already done so. The SRA specifies that “where the insured firm is a […]
Mortgage arrears at lowest level in 15 years, says Bank of England
The total value of mortgage arrears in the UK fell to the lowest level seen since records began in 2007, the Bank of England revealed in publishing the Q2 Mortgage Lenders and Administrators Statistics (MLAR). Arrears dropped 0.7% over the quarter and 7.2% over the year to £13.2 billion in Q2 2022. Elsewhere, Threadneedle Street’s […]
Sellers reducing asking fees by £75,000 due to waning market
New research has found that the pandemic property market boom is causing many home sellers to enter the market with a little too much enthusiasm when pricing their property, causing them to reduce their asking prices expectations by 20% or £75,000. Research by HBB Solutions looked at those homes currently on the market who have […]
Law Society: SRA “moving in right direction” on consumer protections
The Law Society of England and Wales has responded to a Solicitors Regulation Authority (SRA) discussion paper on the future of the Solicitors Indemnity Fund (SIF), outlining three key principles for consumer protection in relation to negligence claims brought more than six years after a firm has closed. Here, Law Society president I. Stephanie Boyce […]
